ExlService (NASDAQ:EXLS) Issues FY24 Earnings Guidance

ExlService (NASDAQ:EXLS) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.61-$1.63 for the period, compared to the consensus estimate of $1.62. The company issued revenue guidance of $1.825-$1.835 billion, compared to the consensus revenue estimate of $1.82 billion. ExlService also updated its FY 2024 guidance to 1.610-1.630 EPS.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EXLS. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $42.00 in a research report on Monday, September 9th. Needham & Company LLC lifted their price target on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday. Citigroup lifted their price target on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Robert W. Baird lifted their price target on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. lifted their price target on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $42.86.

ExlService Trading Up 0.0 %

ExlService stock traded up $0.02 during trading on Thursday, hitting $41.67. The company had a trading volume of 1,562,435 shares, compared to its average volume of 947,066. ExlService has a 1-year low of $25.40 and a 1-year high of $42.27. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30. The company’s 50 day simple moving average is $37.71 and its 200-day simple moving average is $33.67. The stock has a market cap of $6.98 billion, a price-to-earnings ratio of 38.87, a price-to-earnings-growth ratio of 2.07 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. The business had revenue of $448.40 million during the quarter, compared to the consensus estimate of $444.61 million. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 earnings per share. As a group, analysts expect that ExlService will post 1.28 EPS for the current fiscal year.

Insider Activity at ExlService

In related news, CEO Rohit Kapoor sold 35,000 shares of ExlService stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total value of $1,266,300.00. Following the completion of the transaction, the chief executive officer now directly owns 1,424,588 shares in the company, valued at approximately $51,541,593.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Anita Mahon sold 25,670 shares of ExlService stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $35.50, for a total value of $911,285.00. Following the completion of the transaction, the executive vice president now directly owns 68,857 shares in the company, valued at approximately $2,444,423.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rohit Kapoor sold 35,000 shares of ExlService stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $36.18, for a total value of $1,266,300.00. Following the sale, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 134,875 shares of company stock worth $4,716,859. Company insiders own 3.75% of the company’s stock.

ExlService Company Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.